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Archivo del Autor: Belen De Leon

Lenovo patent hints at a future tablet with a folding screen

Folding devices are a new trend, and according to a recent patent, Lenovo is considering a foldable 2-in-1 with a hinge mechanism that would allow consumers to bend back the screen on the device. 

The post Lenovo patent hints at a future tablet with a folding screen appeared first on Digital Trends.


Source: Digital trends

Varsity Tutors acquires Veritas Prep to expand into live online classes

Varsity Tutors, the online learning platform that launched in 2011, has today announced the acquisition of Veritas Prep.

The terms of the deal were not disclosed, but, according to the press release, the Veritas Prep team will remain at its Calabasas, CA office and that the product will continue on as a separate brand.

Veritas Prep launched in 2002 with a suite of test prep courses. Over the years, Veritas built out its online live classes as well as a business around admissions consulting. As Varsity Tutors focuses on geographical and product expansion, the Veritas Prep acquisition allows the company to get into live online courses (alongside one-to-one tutoring).

“Over the course of its 17 years, Veritas has built up a lot of expertise in how to deliver exceptional live online classes,” said Varsity Tutors founder and CEO Chuck Cohn. “We looked at a lot of companies out there, and we saw huge potential to really accelerate our own product development cycle by buying that expertise.”

Varsity Tutors originally launched with a platform that connected students with tutors for IRL study sessions and lessons. Over time, that product has transformed to offer fully on-demand digital lessons with tutors via live video chat, complete with whiteboard functionality, doc editing and other tools. Students can also access free online content (sans instructor) through Varsity Tutors’ Learning Tools.

Cohn says that the Live Learning platform can connect a student with a tutor and begin a session in as few as 20 seconds, and that more than 75 percent of new customers are opting for online/mobile tutoring instead of in-person.

Beyond expanding the product, Varsity Tutors is also looking to expand the number of subjects it offers to customers. Right now, the company offers more than 1000 different subjects (including traditional learning) with more than 250 subjects available for instant tutoring on the Live Learning platform.

Varsity Tutors has raised a total of $107 million from investors like Learn Capital, CZI, and TCV. This marks the company’s second acquisition, with Varsity Tutors buying First Tutors in the UK in 2018 to kickstart geographic expansion.

The 600-employee company has more than 40,000 tutors on the platform and has provided more than 4 million hours of live one-on-one instruction/tutoring since launch.


Source: TechCrunch

Resident Evil 2 review: A joyous return to zombie-infested Raccoon City – CNET

This remake will terrify you, but you won’t be able to stop playing.
Source: CNET

Resident Evil 2 review: Terror for the modern era video – CNET

What was scary in 1998 is even better in 2019.
Source: CNET

Adtech veteran Marcus Startzel becomes CEO at Whitebox

Marcus Startzel is moving from the adtech to ecommerce: He’s becoming the new CEO at Whitebox.

One of his first tasks, apparently, will be raising a Series A.

Startzel was previously an executive at AppNexus, which he joined after the acquisition of MediaGlu, where he was CEO. (He departed AppNexus after it was bought by AT&T.) He’s also had senior roles at Millennial Media and Advertising.com.

Whitebox, meanwhile, was founded in 2013 by previous CEO Rob Wray. The company helps businesses manage some of the most challenging parts of ecommerce — for example, it handles warehousing and fulfillment, while also creating and optimizing listings on Amazon, eBay and the seller’s own website.

Startzel said he was attracted to the company because it taps into broader trends around the growth of ecommerce, and because of the opportunity provided by all of Whitebox’s data around “finding the best way to get the product to the consumer.” He also said he was impressed by the recent hiring of Chief Operating Officer Rob Hahn and Chief Data Officer Andrew Bignell, both from Amazon.

And while this may seem like a big change from his previous roles, Startzel said he’s still drawing on his leadership experience, and on his approach of “just understanding the market from a customer lens, just being customer focused when you’re a brand.”

“I’m excited to sell products, not just advertise them,” he added.

Wray, meanwhile, will remain at Whitebox as its chief product officer.

“We started Whitebox because brands were getting crushed by the enormous complexity
of selling online,” he said in a statement. “Brands need a unified approach to ecommerce to scale while lowering costs. We are thrilled to have Marcus join and apply his knowledge and experience.”


Source: TechCrunch

Volkswagen's electric I.D. R will challenge the Nurburgring in 2019 – Roadshow

It’s already beaten the Nio EP9 at Goodwood’s hillclimb.
Source: CNET

Hyundai developed airbags that can handle multiple collisions – Roadshow

Not all accidents involve just a single collision, after all.
Source: CNET

'Black Panther' and Netflix Just Got Historic Oscar Nominations

Unprecedented Oscar nods for Netflix and Hulu, ‘American Gods’ returns, and more of the week’s top culture news
Source: Wired

The Roku Premiere 4K HDR is only $1 more than the non-4K model – CNET

Add high-falutin’ streaming to your TV for just $30.
Source: CNET

Elliott Management letter puts eBay on notice to improve stock performance, sell StubHub

Elliott Management, a NYC investment firm known for its activist streak, released a letter today sent to eBay’s management. The letter put the company on notice that the stock needs to do better, much better. And it outlined a five-step plan, including selling StubHub, it believes can get eBay there.

Elliott is making this request as managers of funds owning more than 4 percent of eBay’s stock. It believes that with some tweaks, the company stock, which sits at $33.71 this morning (up over eight percent) could be worth substantially more. In fact, the company believes if eBay follows its advice it could increase the stock price to $55-$63 per share.

Elliott, which doesn’t tend to be subtle in its assessments of a company’s performance, didn’t pull any punches in its statement regarding the letter to eBay. “Despite its remarkable history as one of the world’s largest e-commerce platforms, eBay as a public-company investment has underperformed both its peers and the market for a prolonged period of time.”

While the letter took great pains to compliment the company, pointing out that it has successfully morphed from an auction marketplace for used goods to a full-fledged e-commerce marketplace in its own right, it was clear that it believed eBay is grossly underperforming.

The firm dug into the issues, as it sees them, in the letter itself. “Over the past five years, eBay’s total return has been more than 100% lower than peers and ~35% to ~65% lower than the technology indices. Moreover, eBay has declined 20% over the past year alone relative to a roughly flat equity market,” Elliott wrote in the letter.

It went on, “Most disappointing, however, is that this significant underperformance has occurred despite strong end-market performance. As the broader internet universe has flourished, especially e-commerce peers, eBay’s stock has floundered.”

The company didn’t just complain though. It outlined a five-step plan to improve the stock. For starters, it wants eBay to look carefully at moving StubHub and eBay’s classified properties and concentrate more fully on the core marketplace, which it believes is the true gem here.

Along those same lines, the company wants eBay to revitalize that marketplace, which it believes has been mishandled badly. “eBay’s Marketplace is a strategically valuable asset that has weathered prolonged, self-inflicted misexecution. Management should turn its singular attention to growing and strengthening Marketplace,” Elliott wrote in the letter.

It also believes the company could improve its operational efficiency. “Today eBay suffers from an inefficient organizational structure, wasteful spend and a misallocation of resources,” Elliott wrote. Next, it wants more capital returned to stockholders and, finally, it needs a management review and greater oversight.

eBay did not respond to an email request for comment on this proposal. If that changes, we will update the article.


Source: TechCrunch

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